Only one goofball to blame.
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Oligarchs will run the economy for the benefit of the middle class.
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OFW
So far how has that gone.
I get you are being sarcastic. I am racing to be more sarcastic.
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Think air traffic controllers.
They want to break the Democrats. LOL We cant be broken. There is no reason to fold.
When the austerity passes and heaps of egg on face happen.
OFW
The pundits think it will take one year to pass austerity and taxes. Separate bills.
But they are rushing for February Austerity.
You can not have two bigger fools.
US paper is going to get crushed. The bond market will be in a panic.
Have to wonder what happens to the swaps. At the same time China as a counter party to the swaps will be crushed by tariffs.
Think March 2020? No global economy. De ja vu
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Would you avoid Treasuries? Agency bonds? Corporate bonds? How about money markets?
Heck, if the FDIC is dissolved I think I’m going to empty both savings accounts, but my only real alternative to those are money markets and Treasuries. 
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European banks have an equivalent to the FDIC, called, uh, DGS, Deposit Guarantee Schemes. (Had to look it up, been a couple weeks since I researched it.)
Don’t know that much about it, but I expect many of us will learn some new things in the upcoming weeks.
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Look at the UK a couple of years ago.
The damage was extensive but i don’t know that particulars.
Adding
The UK’s bond market was severely impacted by then-prime minister Liz Truss’s 2022 mini-budget, which caused borrowing costs to surge:
Bond yields: 10-year bond yields reached a 14-year high.
Investor fears: Investors feared high levels of borrowing and complicated pension fund investment strategies.
Bank of England intervention: The Bank of England stepped in to stabilize markets with a temporary emergency bond-buying program.
The UK’s bond market has since been affected by other factors, including:
Inflation: The UK’s higher inflation forced the Bank of England to hike rates to 5.25%, compared with 4% in the euro zone.
Budget: The UK’s budget has sent bond yields higher.
Investor fears: Investors fear that higher inflation will destroy the spending power of bond income, and that higher interest rates will lead to bond prices falling.
The Labour government’s first budget in October 2024 was able to ease investor fears of a repeat of the Truss mini-budget. The budget announced 40 billion pounds of tax hikes, but also balanced big debt and investment increases with pledges for tough control of day-to-day spending.
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